RM10m income distribution for two RHB funds

KUALA LUMMPUR: RHB Investment Management Sdn Bhd declared income distributions totaling RM10.06mil for its RHB Income Fund and RHB Capital Fund for the financial year ended April 30, 2013.
It
had on Wednesday declared a gross distribution of 6.50 sen per unit or a
gross distribution yield of 7.2391% for the RHB Income Fund. This was
based on the average net asset value (NAV) per unit of the fund from May
1, 2012 to Feb 28.
The RHB Income Fund is a conservative fund
that invests in a diversified portfolio consisting mainly of high
quality equities/stocks and fixed income securities with an emphasis on
bonds to reduce volatility
As for the RHB Capital Fund, RHB
Investment Management declared a gross distribution of 8.0 sen per unit
with a gross distribution yield of 6.2957%. This was based on the
average NAV per unit of the fund from May 1, 2012 to March 31, 2013.
RHB
Capital Fund is an aggressive fund that invests primarily in Malaysian
public listed companies with strong growth potential.